On average, listings lease in the $10's per square foot per year. The Hamline - Midway submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decline in rent.
In the last 90 days, 13 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 12,452 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1948 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hamline - Midway residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.